Month: May 2016

What To Do After Getting a Debt Collector Call

Getting the dreaded phone call from a debt collector can leave you with a sinking feeling in your stomach and at a loss as to what to do next. Fear not, there are ways to handle this situation and still come out with a grasp on your financial stability. Whether a bill has gotten out of hand, or you have forgotten about a bill completely, you can easily work towards a resolution immediately by following these steps once a debt dispute service has begun.

 

Get All Information in Writing

Thanks to the Fair Debt Collection Practices Act, any and all information regarding this debt has to be provided to you from the debt collector in writing. As soon as you receive the first call, request that you receive this information immediately. Don’t begin a conversation or light talk with the collector without having all of the needed information with you. Say as little as possible during these conversations and press to receive the information needed to review the supposed debt.

 

Keep A Record of All Phone Calls and Messages

Document, document, document. Write down the dates, times, conversation, and all dispute information that is discussed between you and debt collector every time. This can be used if the collector is giving you false or misleading information going forward while you fight or extend the debt collection process. This can be tedious, but can possibly save you from getting into a tight situation. You can believe that they are doing the same to you.

 

Know Debt Collector Restrictions

There are many restrictions that are put on debt collectors. They cannot use obscene language, threaten you or your family, call you at work if you ask them not to, misrepresent your debt and more. Be sure to know your rights and document and continue to document all interactions for possible abuse by the debt collectors.

 

Call a Debt Dispute Service Provider

Yes, this can all seem a bit overwhelming, but if you receive help from a debt dispute service provider like Infinity Consumer Services you can dispute the debt claim in writing and then be able to review the information with Infinity and determine the best course of action. This will take much of the stress away from you and give you the financial peace of mind you deserve.


Have a debt issue that you need assistance with? Infinity Consumer Services is the leader in debt management, consolidation, debt disputes, and more. Learn more about Infinity’s great financial services today!

3 Reasons Why College Debt is Continuing to Grow

 

College is something that we all hope and dream will occur in our lives. It is an enriching experience that offers many the first open door to adulthood and living independently. But at what cost? College educations are highly valued, but are putting million of students into large sums of debt. Over 40% of students under 30 have education loans that are past due and many have debts over six figures. Why is college becoming so expensive? Learn the major factors here and how you can control your own student debt.

 

Tuition Costs

Over the last ten years, nearly every college has seen price increases for tuition. Whether to improve the college experience, increase educator salaries, construction, or any other number of reasons, college tuition is continuously costing the average family more per dollar than ever before. These incremental increases are causing students to take out more college loans than they can handle just to finish an education they have already started.

 

Government Funding Cuts

Colleges are seeing educational grants and services from the state and federal level dwindle or altogether disappear. Schools are making up for the lack of funding by pushing the buck to students attending each year. The more the state and federal governments cut, the more likely students are to see increases.

 

Inflation

Why do colleges need more than just the current tuition and government funding. Many schools are seeing operating costs increase across the board. Inflation causes daily necessities to run the entire school to increase including lodging, food, and utilities, leaving less money for other portions of the education system, including educator salaries. Covering the costs is then passed on to the students.

 

I Owe for School. What Can I Do?

We know your education is extremely important to you and is something that will hold value for years to come. But how will you be able to manage your principal debt and interest? It is very likely that over the years you were forced to take out multiple loans with different interest rates and time periods. You are able to take these many loans and mold into one with student loan consolidation. This enables companies like Infinity to negotiate and act on your behalf to obtain your existing loans and create a consolidated loan with an improved interest rate and time period. This means you will likely be paying less interest towards your loan over the years saving your well-earned money thanks to your education.
Want to learn more about student loan consolidation? Infinity Consumer Services is the leader in debt consolidation and enables you to live a life with financial freedom. Learn more today!